Because the mortgage deposit is the money that the bank collects from the developer according to a certain proportion of the total loan in the process of mortgage loan, and bears the joint guarantee responsibility of mortgage loan, the bank will not return the mortgage deposit to the developer before the real estate license is completed and the mortgage registration is completed.

What is the process of buying a house loan?

1. Submit mortgage loan application: If the buyer is buying a new house, most of the sales offices of the new house have cooperative banks on site. After signing the contract, buyers can apply for loans directly from the bank of the real estate contract, which can be regarded as saving the step of finding a bank. Therefore, after determining the housing, consult the relevant banks, learn about the relevant provisions of mortgage loans from the banks, prepare the documents required by the banks, fill out the mortgage loan application form and submit it to the banks for review.

2. Waiting for the bank's audit result: Waiting for the bank's audit result is enough for the buyer. After the general buyers submit their applications, the bank will review the credit status and repayment ability of the buyers. If the audit is unqualified and the bank refuses to issue loans, the buyers have to find another way. It is likely that most people can't find the source of funds and eventually have to give up buying a house.

3. Signing a loan contract: After approval, buyers need to sign a loan contract with the bank, and they need to pay various fees when signing a loan contract to handle mortgage and insurance. This step is time-consuming and the bank needs to review it. How long will it take? Every place and bank are different. Then the buyers need to wait for the notice to go to the bank for a face-to-face interview and wait for the bank to verify the materials. After verification, the bank will inform the buyers to take the materials to the Housing Authority for mortgage.

4. Waiting for the bank to lend money: After completing the above procedures, buyers can wait patiently for the bank to lend money. Waiting for the house payment is also a long process, and you may have to go to the bank to apply for a loan. After the bank lends money, remember to ask the bank for a loan contract and an iou that belongs to you. There are also two copies of the real estate license, remember to stamp the official seal of the bank, because some organs and departments need to do things.